Why Container Store (TCS) Stock Is Plunging Today

Container Store (TCS) stock is falling as JPMorgan (JPM) is among firms that cut its price target after the retailer lowered its full-year earnings guidance.

NEW YORK (TheStreet) -- Shares of The Container Store (TCS)are plunging -13.19% to $23.50 in early trading as several firms cut their price target on Wednesday, following the retailer's first quarter results that missed analysts estimates.